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USDCAD Surges to 14-Month High as Loonie Falters Amid Oil Price Drop

Reuters Read original source (opens in a new tab)
The Story

News Summary

  • The Canadian dollar hit a 14-month low against the USD, pressured by declining oil prices and a flight to safety as tech stocks falter.
  • Weakening Canadian fundamentals and favorable U.S.
  • yield differentials continue to drive the loonie lower as investors seek shelter in the greenback.
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USDCAD price history

1.39 +0.72% over the displayed period

Advisor Snapshot

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